Connexin raises GBP 35 million to expand UK water meter network
Connexin, Hull, UK-based smart technology and telecoms provider, has secured a financing package worth up to GBP 35 million to support the expansion of its smart water meter network in the UK. This includes a GBP 10 million facility from Santander UK, a GBP 5 million revolving trade facility, a GBP 10 million accordion facility, and GBP 10 million of funding from funds managed by Patrizia.